[年报]京东方Ｂ(200725):2025年年度报告摘要（英文版）
ANNUALREPORT2025(SUMMARY) PartIImportantNotes ThisSummaryisbasedonthefullAnnualReportofBOETechnologyGroupCo.,Ltd.(togetherwithitsconsolidatedsubsidiaries, the“Company”,exceptwherethecontextotherwiserequires).InorderforafullunderstandingoftheCompany’soperatingresults, financialpositionandfuturedevelopmentplans,investorsshouldcarefullyreadtheaforesaidfullreport,whichhasbeendisclosed togetherwiththisSummaryonthemediadesignatedbytheChinaSecuritiesRegulatoryCommission(the“CSRC”).AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary.Independentauditor’smodifiedopinion: □Applicable?Notapplicable Board-approvedfinaldividendand/orbonusissueplans: ?Applicable□Notapplicable Bonusissuefromcapitalreserves: □Yes?No TheBoardhasapprovedafinaldividendplanfortheReportingPeriod.Basedon37,044,328,064shares,acashdividendof RMB0.56(taxinclusive)per10sharesistobedistributedtoalltheshareholders,withnobonusissuefromeitherprofitorcapital reserves. Board-approvedfinalcashand/orstockdividendplanforpreferenceshareholders:□Applicable?Notapplicable This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.PartIIKeyCorporateInformation 1.StockProfile
(I)AbouttheCompany Inconstantpursuitofexcellence,BOETechnologyGroupCo.,Ltd.isaninnovativeIoTcompanydedicatedtoproviding intelligentinterfaceproductsandprofessionalservicesforinformationinteractionandhumanhealth.With“ToBetheMostRespectedCompanyonEarth”asitsvisionand,BOEalwayskeepsinmindthemissionof“ChangeLife withBOEDisplayEverywhere”,upholdsthecorevaluesof“Integrity&Reliability,DedicationtoCustomers,BeingPeople- oriented,OpennessandInnovation”,aswellasadherestothebusinessphilosophyof“DoingtheRightThing,Innovationand ProgressSeeking”.Ithasbeencontinuouslystrengtheningtheconstructionofitsindustrialecosystemandenhancingitsvalue creationcapabilities.Upondecadesofrelentlessefforts,BOEhasgrownintoaworldleaderinthedisplayindustryandaglobal innovativecompanyintheIoTsector.Adheringtoa“market-oriented,international,andprofessional”developmentapproach,it hasbuiltasignificantnumberofintelligentmanufacturingbasesinBeijing,Hefei,Chengdu,Chongqing,Fuzhou,Mianyang, Wuhan,Kunming,Ordos,Nanjing,etc.,withsubsidiariesacrossmanycountriesandregionsincludingtheUnitedStates,Germany, Japan,SouthKorea,Singapore,India,Brazil,andtheUnitedArabEmirates,aswellasabusinessnetworkthatcoversmajor regionsoftheworld,suchasEurope,Americas,Asia,andAfrica.BOEaimstoprovidecustomerswithbetterproductsandmore thoughtfulserviceexperiencewithitswell-establishedglobalnetworkandadiverseproductandservicesystem.ToadapttoanIoTera,BOEhasputforwardthedevelopmentstrategyof“EmpowerIoTwithDisplay”initsIoTtransformation. Takingintoaccountmarketconditionsandbusinesscharacteristics,BOEhasputinplaceabusinessdevelopmentarchitectureof “1+4+N+Ecosystem”toensuretheexecutionandimplementationofitsstrategies.Specifically:“1”representsdisplay,whichisthecorecapacityandqualityresourcesaccumulatedbyBOE,aswellasthesourceandoriginof thedevelopmentstrategyof“EmpowerIoTwithDisplay”. “4”referstoIoTInnovation,Sensor,MLED,andSmartEngineeringMedicine.Thesearethehigh-potentialtrackschosenbyBOE basedonitscorestrengthsandvaluechainextension,representingthedevelopmentdirectionsofthedevelopmentstrategyof “EmpowerIoTwithDisplay”. “N”referstothesubdividedapplicationscenariosofIoTthatarecontinuouslyexploredandcultivatedbyBOE,aswellasthe specificfocusofthedevelopmentstrategyof“EmpowerIoTwithDisplay”.“Ecosystem” is an enabling platform for the collaborative development of BOE’sinnovative ecosystem and an important guaranteeforthedevelopmentstrategyof“EmpowerIoTwithDisplay”.(II)AbouttheCompany’sprincipaloperations 1.TheDisplayDevicesbusiness TheDisplayDevicesbusinessoffersintegrateddesignandmanufacturingservicesfordevices,andiscommittedtoproviding interfacedevicesapplyingTFT-LCD,AMOLEDandothertechnologies,focusingonprovidingcustomerswithhigh-qualitydisplay devicesforsmartphones,tabletPCs,laptops,monitors,TVs,vehicles,etc.2.TheIoTInnovationbusiness TheIoTInnovationbusinessoffersintegrateddesignandmanufacturingservicesforsystemsolutions,andprovidescustomerswith competitivesmartterminalproductsfortablets,laptops,monitors,TVs,low-powerdevices,IoT,3Ddisplay,etc.ByintegratingAI andbigdatacapabilities,BOEprovidesinnovativeIoTproductsandservicesthatcombinesoftwareandhardware.3.TheSensorbusiness TheSensorbusinessoffersintegrateddesignandmanufacturingsolutions,focusesonFPXD,smartdisplaywindows,industrial sensors,MEMS,andglasspackagingsubstrates,andprovidescustomerswithproductsandservicesincludingbackplatesforflat panel X-ray detectors (FPXD), intelligent PDLC windows and PDLC system solutions, consumer electronics and industrial applicationsolutions,andadvancedpackagingsubstrates,amongothers.4.TheMLEDbusiness TheMLEDbusinessprovidesLEDsolutionswithintegratedR&D,manufacturingandmarketingservices.Focusedondevicesand solutions,thisbusinessrendersLEDbacklightproductswithhighqualityandreliabilityforTVs,monitors,notebooks,vehicles,etc., aswellasMini/Micro-LEDdisplayproductswithhighbrightness,highreliabilityandhighcontrastforsegmentmarketsofoutdoor, commercial,transparent,specializedandotherdisplays. 5.TheSmartEngineeringMedicinebusiness TheSmartEngineeringMedicinebusinessadoptsaprofessionalservicemodeltoprovideproducts,servicesandsolutionsinrelation tomedicalcare,smartnursing,medical-engineeringintegration,etc.Meanwhile,thisbusinessiscommittedtoprovidingaclosed loopofthrough-lifehealthserviceswithhealthmanagementasthecore,medicalterminalsasthetraction,anddigitalhospitalsand recreationalcommunitiesasthesupport.Itconnectstestingequipment,healthcareworkersandcustomersthroughthesmarthealth managementecosystemwherecustomersenjoyprofessionalhealthservicesincludingprevention,treatment,therapyandnursing. 6.The“N”business Withaspecificfocusonthe"N"business,theCompanyprovideshardwareandsoftwareintegratedsystemsolutionsfordifferent segments,includingintelligentcarnetworking,smartenergy,industrialIoT,UHDdisplay,etc.,whichcanprovidecustomerswith multi-functionalandsmartnewexperienceunderIoTscenarios. Intermsofintelligentcarnetworking,BOEfocusesontheintelligentcockpit"HERO"innovativeapplicationscenarios,joins handswithglobalpartnerstoprovidenewexperienceofintelligentcockpitscenarios,andpromotesthecontinuousupgradingof full-scenariointelligentsolutions,representinganewleadingecosystemofinnovativeandintelligenttravel.Intermsofthesmartenergybusiness,BOEfocusesonzero-carbonintegratedenergyservices.WithBESastheempowering platform,itrevolvesaroundvariousaspectsof"source-grid-load-storage-carbon."Itoffersazero-carbonimplementationpathof "sourcedecarbonization,processdecarbonization,endnegativecarbon,andintelligentcarbonmanagement,"providingcustomers withcomprehensiveenergyservicesandutilization,andzero-carbonsolutions.IntermsoftheindustrialIoTbusiness,BOEiscommittedtoprovidingindustrialsoftware,intelligentmanufacturingsolutionsfor thepan-semiconductorindustry.Leveragingoverthreedecadesofindustryexperience,BOEofferspan-semiconductorindustrial software,industrialAI,smartfactoryservices,andotherproductsandservices,continuouslydrivinghigh-qualitydevelopment acrosstheindustry. TheUHDdisplaybusinessadherestothe"UHD×digitalization"strategy,continuouslypromotingthewideapplicationofUHD technologyinfieldssuchassmartgovernmentandenterpriseservices,finance,transportation,industrialparks,andvisualarts.Itis committedtoembeddingUHDintomorescenarios,providingabetterexperience,achievinghigherefficiency,andcreatingmore value.Ithasindependentlydesignedandbuilttheworld'sfirst8K+5G+22.2UHD3Dsoundbroadcastingvehicle,representinga pioneeringbreakthroughinthedomestic8KUHDcompleteproductionandbroadcastingsystem.3.KeyFinancialInformation (1)KeyFinancialInformationofthePastThreeYears Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.□Yes?No Unit:RMB
Unit:RMB
whathavebeendisclosedintheCompany’squarterlyorinterimreports.□Yes?No 4.ShareCapitalandShareholderInformationatthePeriod-End (1)NumbersofOrdinaryShareholdersandPreferredShareholderswithResumedVotingRightsaswellasHoldingsofTop10Shareholders Unit:share
ordinaryshareholdersoftheCompanyasat20March2026. 5%orgreatershareholders,top10shareholdersandTop10unrestrictedshareholdersinvolvedinrefinancingshareslending □Applicable?Notapplicable Changesintop10shareholdersandtop10unrestrictedshareholdersduetorefinancingshareslending/returncomparedwiththeprior period □Applicable?Notapplicable (2)NumberofPreferredShareholdersandShareholdingsofTop10ofThem □Applicable?Notapplicable NopreferredshareholdersintheReportingPeriod. (3)OwnershipandControlRelationsbetweentheActualControllerandtheCompanyNotes:1.Afterthenon-publicissuingoftheCompanyin2014,BeijingState-ownedCapitalOperationandManagementCompany Limitedhandedover70%ofthesharesdirectlyheldbyittoBeijingElectronicsHoldingsCo.,Ltd.formanagementthroughStock ManagementProtocol,andBeijingElectronicsHoldingsCo.,Ltd.gainedtheincidentalshareholders’rightsexceptfordisposing rightandusufructoftheshares,ofwhichtherest30%votingrightmaintainedunanimouswithBeijingElectronicsHoldingsCo., Ltd.throughtheagreementaccordingtoImplementationProtocolofVotingRight.2.Duringthenon-publicissuingoftheCompanyin2021,BeijingJingGuoruiSoeReformandDevelopmentFund(L.P.)signed theActing-in-ConcertAgreementwithBeijingElectronicsHoldingsCo.,Ltd.5.OutstandingBondsattheDatewhenthisReportWasAuthorizedforIssue?Applicable□Notapplicable (1)BondProfile
On27June2025,ChinaLianheCreditRatingCo.,Ltd.issuedtheFollow-upRatingReport2025forBOETechnologyGroupCo., Ltd.(Lianhe[2025]No.4433).AccordingtotheReport,theissuerwasgrantedwithacorporatelong-termcreditratingofAAA witha“Stable”outlook. (3)SelectedFinancialInformationoftheCompanyforthePastTwoYearsUnit:RMB'0,000
1.TheCompanydisclosedtheAnnouncementonNotExercisingtheIssuer’sRenewalOptionforthe2022PublicOfferingof RenewableCorporateBondsofBOE(forprofessionalinvestors)(DigitalEconomy)(PhaseI)(AnnouncementNo.2025-008)on 11February2025,andthethirdanniversaryof22BOEY1fellon25March2025.Accordingtotherelevantprovisionsofthe ProspectusandtheListingDeclaration,theCompanydecidesnottoexercisetherenewaloptionofbondissuer.Thatis,thecurrent bondsweretobefullyredeemed.AstheCompanydisclosedtheAnnouncementontheRedemptionofthePrincipalandInterestof the"22BOEY1"CorporateBondsandtheDe-listingoftheBonds(AnnouncementNo.2025-010)on21March2025,itwouldpay theinterestofthebondsgeneratedbetween25March2024and24March2025,aswellastheprincipalofthebonds,on25March 2025,andde-listthebonds. 2.TheCompanydisclosedtheAnnouncementonthePublicOfferingofCorporateBondstoProfessionalInvestorsObtaining RegistrationApprovalfromtheCSRC(AnnouncementNo.2024-052)on9October2024.TheCompanyreceivedtheCSRCPermit[2024]No.1330,whichagreedtotheCompany'spublicofferingofcorporatebondswithanaggregatenominalvalueofno morethanRMB10billiontoprofessionalinvestors.
No.2025-002),AnnouncementonResolutionsofthe1stMeetingofthe11thBoardofDirectors(AnnouncementNo.2025-005) andAnnouncementonResolutionsofthe1stMeetingofthe11thSupervisoryCommittee(AnnouncementNo.2025-006)on15 January2025,whichreviewedandapprovedproposalsrelatedtogeneralelectionandcompletedthegeneralelection.Formore details,pleaserefertorelevantannouncements.TheCompanydisclosedtheAnnouncementonResignationofSeniorManagement (AnnouncementNo.2025-057)on10July2025,duetojobtransfer,Mr.GuoHuapingappliedforresignationasSeniorVice PresidentandChiefCulturalOfficerandwillnotholdanypositionintheCompanyoranyofitsmajority-ownedsubsidiariesafter his resignation. On 23 September 2025, the Company disclosed the Announcement on the Election of an Employee Director(AnnouncementNo.2025-071).On22September2025,theCompany’stradeunionconvenedtheCompany’sWorkers Congress,whichelectedMr.LiYangasanemployeedirectorofthe11thBoardofDirectors.On11October2025,theCompany disclosedtheAnnouncementontheResignationofaDirector(AnnouncementNo.2025-074).Forpersonalreasons,Mr.Gao WenbaoappliedtoresignfromhispositionsasaDirector,ViceChairmanandmemberofthespecialcommitteesoftheBoardof Directors.Followinghisresignation,henolongerholdsanypositionintheCompanyoritsmajority-ownedsubsidiaries.On31 October 2025, the Company disclosed the Announcement on the Election of the Vice Chairman of the 11th Board of Directors(AnnouncementNo.2025-078).TheBoardofDirectorselectedMr.WangXipingasViceChairmanofthe11thBoard ofDirectors,withthetermofofficecommencingfromthedateofelectionattheBoardmeetingandendingonthedateofexpiry ofthetermofthecurrentsessionoftheBoard.On31October2025,theCompanydisclosedtheAnnouncementontheElectionof theNon-IndependentDirector ofthe11thBoardofDirectors(AnnouncementNo.2025-077),andon18November2025,theAnnouncementontheResolutionsoftheThirdExtraordinaryGeneralMeetingofShareholdersin2025(AnnouncementNo. 2025-089),announcingtheelectionofMs.FengLiqiongasanon-independentdirectorofthe11thBoardofDirectors.4.The4thMeetingofthe11thBoardofDirectorsandthe2024AnnualGeneralMeetingofShareholdersoftheCompanyreviewedandapprovedtheProposalonChangingtheUseofRepurchasedSharesandCancelingThem,andon22April2025,the CompanydisclosedtheAnnouncementonChangingtheUseofRepurchasedSharesandCancelingThem(AnnouncementNo.2025-030).TheCompanyintendedtochangetheuseof228,882,900sharesheldinthespecialrepurchasesecuritiesaccountfrom “tobeusedfortheimplementationoftheCompany’sequityincentiveplan”to“tobecanceledwithacorrespondingreductionin theCompany’sregisteredcapital”,andwouldproceedwiththerelevantcancellationproceduresinaccordancewiththeapplicable regulations.On3June2025,theCompanydisclosedtheAnnouncementontheCompletionoftheCancellationofRepurchased SharesandtheResultingChangeinShareCapital(AnnouncementNo.2025-041).On29May2025,theCompanycompletedthe cancellationof228,882,900treasuryshareswiththeChinaSecuritiesDepositoryandClearingCorporationLimitedShenzhen Branch.FollowingtheapprovaloftheProposalontheRepurchaseofSomePublicSharesattheFourthMeetingofthe11thBoard ofDirectorsandthe2024AnnualGeneralMeetingofShareholders,theCompanydisclosedtheAnnouncementontheRepurchase ofSomePublicShares(AnnouncementNo.2025-029)on22April2025,andtheReportontheRepurchaseofSomePublicShares (AnnouncementNo.2025-045)on10June2025.On6June2025,theCompanydisclosedtheVoluntaryInformationDisclosure Announcement on Receiving a Letter of Loan Commitment and Obtaining Financing Support for ShareRepurchase(AnnouncementNo.2025-044).TheCompanyreceivedaLetterofLoanCommitmentissuedbyBeijingBranchof ChinaConstructionBankCorporation,committingtoprovidetheCompanywithaspecialloanofRMB1.8billionforshare repurchase.TheCompanycarriedoutthefirstrepurchaseon30June2025anddisclosedtheAnnouncementontheFirstRepurchaseofSomePublicShares&ShareRepurchaseProgress(AnnouncementNo.2025-055)on1July2025.On6January2026,theCompanydisclosedtheAnnouncementontheCompletionoftheImplementationoftheShareRepurchaseProgramand theResultoftheRepurchase(AnnouncementNo.2026-001).Thesharerepurchasewasactuallycarriedoutduringtheperiodfrom 30June2025to31December2025.Asat31December2025,theCompanyhasimplementedtherepurchaseoftheCompany'ssharesbymeansofcentralizedbiddingthroughaspecialsecuritiesaccountfortherepurchase,andthecumulativenumberofA Sharesrepurchasedwas369,552,400,accountingforapproximately1.0064%oftheCompany'sASharesand0.9877%ofthe Company'stotalsharecapital,withthehighesttransactionpriceofRMB4.26pershareandthelowesttransactionpriceof RMB3.83pershare.ThetotalamountpaidwasRMB1,500,060,240.57(exclusiveoftransactioncosts).Theaboverepurchaseof theCompanywasinlinewiththerequirementsofrelevantlawsandregulations,aswellastheestablishedrepurchaseprogramof theCompany.On12January2026,theCompanydisclosedtheAnnouncementontheCompletionoftheCancellationofRepurchasedSharesandtheResultingChangeinShareCapital(AnnouncementNo.2026-003).On8January2026,theCompany completedthecancellationof369,552,400repurchasedshareswiththeChinaSecuritiesDepositoryandClearingCorporation LimitedShenzhenBranch. 5.On19June2025,theCompanydisclosedtheAnnouncementontheDistributionofthe2024FinalDividend(Announcement No.2025-053).Asthe2024FinalDividendPlanhadbeenapprovedatthe2024AnnualGeneralMeetingofShareholderson23 May2025,theCompanydistributeda2024finaldividendofRMB0.5per10shares(dividendtoB-shareholderspaidinHKD accordingtothecentralparityrateofRMBandHKDdeclaredbythePeople’sBankofChinaonthefirstworkingdayimmediatelyafterthedateoftherelevantgeneralmeetingresolution),withnobonusissuefromeitherprofitorcapitalreserves.
DateoftheBoard’sapprovalofthisReport:30March2026 中财网
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